IVP Ltd

₹ 179 1.73%

07 Nov - close price

About

Incorporated in 1929, IVP Ltd is in the business of Chemical Manufacturing and Distribution^[1]

Key Points

Business Overview:^[1]
IVPL is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified Company. It was originally part of the TATA Group but later got acquired by the Allanas Group. The company manufactures value-added chemicals for diverse industrial applications with a product portfolio of 150+ products.

Website BSE NSE

Market Cap ₹ 185 Cr.
Current Price ₹ 179
High / Low ₹ 267 / 141
Stock P/E 16.9
Book Value ₹ 139
Dividend Yield 0.56 %
ROCE 9.99 %
ROE 8.44 %
Face Value ₹ 10.0

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Pros

Cons

Company has a low return on equity of 11.6% over last 3 years.
Contingent liabilities of Rs.92.4 Cr.
Dividend payout has been low at 7.69% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	167.19	156.14	175.45	139.58	141.97	122.33	142.23	138.26	122.01	129.36	149.36	138.19	146.95
	160.17	146.50	160.62	134.69	132.95	117.24	133.40	131.44	116.48	124.28	141.59	133.94	138.85
Operating Profit	7.02	9.64	14.83	4.89	9.02	5.09	8.83	6.82	5.53	5.08	7.77	4.25	8.10
OPM %	4.20%	6.17%	8.45%	3.50%	6.35%	4.16%	6.21%	4.93%	4.53%	3.93%	5.20%	3.08%	5.51%
	5.09	9.19	0.82	0.76	0.75	0.69	0.83	0.81	0.79	1.04	0.94	1.06	0.89
Interest	3.38	3.12	2.94	2.61	2.23	2.00	1.85	1.82	1.82	2.05	2.10	2.11	2.19
Depreciation	1.32	1.31	1.29	1.36	1.38	1.40	1.40	1.39	1.41	1.47	1.46	1.50	1.50
Profit before tax	7.41	14.40	11.42	1.68	6.16	2.38	6.41	4.42	3.09	2.60	5.15	1.70	5.30
Tax %	22.94%	28.68%	25.22%	29.17%	24.68%	28.15%	26.05%	22.40%	30.10%	27.31%	25.63%	30.00%	24.53%
	5.71	10.27	8.54	1.19	4.64	1.71	4.74	3.43	2.16	1.89	3.83	1.19	4.00
EPS in Rs	5.53	9.95	8.27	1.15	4.49	1.66	4.59	3.32	2.09	1.83	3.71	1.15	3.87
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	146	163	155	161	270	320	229	290	557	661	546	539	564
	142	153	140	144	249	310	229	273	521	621	518	514	539
Operating Profit	4	11	15	17	21	9	-0	16	35	40	28	25	25
OPM %	3%	7%	9%	11%	8%	3%	-0%	6%	6%	6%	5%	5%	4%
	2	1	5	1	1	2	2	2	3	16	3	4	4
Interest	0	1	0	0	3	8	10	7	10	12	9	8	8
Depreciation	1	1	1	1	3	3	5	5	5	5	6	6	6
Profit before tax	4	10	18	17	16	0	-13	7	23	38	17	15	15
Tax %	41%	34%	42%	36%	37%	-1,107%	-33%	33%	24%	26%	26%	26%
	2	7	10	11	10	3	-9	4	18	28	12	11	11
EPS in Rs	2.38	6.71	10.09	10.47	10.06	3.27	-8.35	4.36	17.07	27.13	11.89	10.95	10.56
Dividend Payout %	42%	30%	20%	19%	20%	31%	0%	23%	9%	6%	8%	9%

Compounded Sales Growth
10 Years:	13%
5 Years:	19%
3 Years:	-1%
TTM:	7%

Compounded Profit Growth
10 Years:	5%
5 Years:	27%
3 Years:	-14%
TTM:	-9%

Stock Price CAGR
10 Years:	6%
5 Years:	33%
3 Years:	9%
1 Year:	-22%

Return on Equity
10 Years:	10%
5 Years:	12%
3 Years:	12%
Last Year:	8%

Balance Sheet

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	42	45	52	63	71	71	61	65	81	108	119	129	134
	4	4	0	14	78	143	99	122	157	120	89	104	100
	35	34	42	47	88	50	49	106	122	147	114	106	87
Total Liabilities	91	93	105	134	247	275	220	304	371	385	333	350	331
	15	15	16	35	41	59	84	79	77	73	71	72	69
CWIP	0	0	1	2	17	26	0	0	0	2	2	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
	75	78	88	96	188	189	136	224	293	310	260	278	261
Total Assets	91	93	105	134	247	275	220	304	371	385	333	350	331

Cash Flows

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	3	5	15	5	-30	-27	56	-14	-21	41	45	-2
	-0	-3	0	-24	-28	-28	-5	-0	-3	10	-3	-5
	-2	-2	-7	7	58	54	-54	16	23	-51	-41	6
Net Cash Flow	0	0	8	-11	-0	-0	-3	1	-1	-0	1	-1

Ratios

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	134	135	131	135	144	140	147	175	137	115	115	123
Inventory Days	43	32	63	80	103	68	62	118	63	62	64	72
Days Payable	53	44	69	78	109	61	91	162	89	89	86	79
Cash Conversion Cycle	124	123	126	137	138	147	118	131	110	88	92	116
Working Capital Days	88	84	87	72	17	-14	-34	-15	9	26	38	46
ROCE %	7%	19%	24%	23%	16%	5%	-1%	7%	15%	15%	11%	10%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	71.32%	71.32%	71.32%	71.32%	71.32%	71.32%	71.32%	71.32%	71.32%	71.32%	71.32%	71.32%
	0.00%	0.00%	0.00%	0.01%	0.04%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	28.66%	28.66%	28.67%	28.66%	28.63%	28.66%	28.66%	28.67%	28.67%	28.68%	28.67%	28.67%
No. of Shareholders	5,490	5,370	5,012	5,113	7,037	6,837	7,313	7,428	7,411	7,292	7,199	7,095

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
	70.86%	70.86%	70.86%	70.86%	71.32%	71.32%	71.32%	71.32%	71.32%	71.32%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.15%	0.00%	0.00%	0.00%	0.00%
	0.36%	0.36%	0.10%	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%
	0.34%	0.34%	0.34%	0.34%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%
	28.44%	28.44%	28.69%	28.76%	28.31%	28.51%	28.66%	28.66%	28.68%	28.67%
No. of Shareholders	4,396	4,141	3,915	4,099	3,566	5,292	5,370	6,837	7,292	7,095

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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